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Essay / Research Paper Abstract
A 3 page paper discussing the costs and benefits of taking the time to gain a college degree. Those with college degrees currently earn nearly twice over their entire working lives as those with only a high school education, but there is less opportunity now for high school graduates than in the past. In the future there will be decreasing demand for those without a college degree and the lifetime earning potential between those with and without college degrees is likely to become even more disparate. Bibliography lists 4 sources.
Page Count:
3 pages (~225 words per page)
File: CC6_KSacctOpyCostCol.rtf
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Unformatted sample text from the term paper:
holds that working with a college degree is preferred over earning a living without one. The purpose here is to assess the validity of that position, particularly in light
of changing conditions in the economy, business and even in education. Opportunity Costs Opportunity cost is the cost of choosing one course of
action over another. The opportunity costs of taking a course include the monetary costs of tuition, books, supplies and transportation to and from an on-ground class. The opportunity
costs of earning a college degree include the multiplied costs of a single course, plus the missed opportunity to work full time - or more - to begin on the
economic journey of the mature adult. For most, there is no opportunity to earn an income that provides a reasonably comfortable living. Even the place of what holds
the promise of long-term employment is uncertain in that the location of the school from which the student earns a degree has little or no bearing on the location of
the organization that later offers employment that requires the degree. Those entering the labor force or perhaps joining the military immediately after high school appear to progress faster than
those pursuing college degrees. Indirect costs include tradeoffs between less leisure time and greater education and knowledge. The time spent on the
degree and studying for it claims a portion of the finite resource time, which would be used in different ways if it were not used for school. Those ways
could include lounging in front of the television; working full time; volunteering at a homeless shelter; or playing board games with children and in so doing building fond family memories.
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